No creditor of the beneficial owner shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the business trust.
S.D. Codified Laws § 47-14A-18
Creditors of beneficial owners have no rights in business trust property
Known as the South Dakota Business Trust Act
The act spans §§ 47-14A-1 to 47-14A-96 (95 sections).
Source: SL 2001, ch 245, § 18.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.